News

JERSEY - Virtual CRS/FATCA Training Session on Tuesday 8 June 2021

01/07/2021

Officials from Revenue Jersey’s AEOI team provided guidance on how FIs and third party reporters can improve the quality of their reporting.

  • The slides and QA sheet are attached

The Training key feature are shown below and also here https://www.jerseyfinance.je/events/revenue-jersey-virtual-training-session/

Purpose of training

  • Revenue Jersey has identified a number of common themes which can lead to Financial Institutions not complying with their obligations under the CRS and FATCA reporting rules.
  • At the same time, there are similarities in the way in which FIs which most successfully demonstrate compliance organise their approach to CRS/FATCA.

Speakers:

  1. Niamh Moylan: Assistant Comptroller of Revenue – International
    1. Niamh trained as a tax adviser with a Big 4 firm in Jersey before moving into Government in 2010. She has led Revenue Jersey’s International Tax operations division since 2015.
  2. Paul Meaker: Deputy Director – International (AEOI)
    1. Paul has been leading Jersey’s AEOI team since September 2020. Prior to this he worked as a Director in Public Groups and International for the Australian Taxation Office and the financial services industry prior to that.

Objectives - This sessions objectives were :

  • Help Financial Institutions and third party reporters understand some common issues affecting the quality of CRS/FATCA data reported to Revenue Jersey
  • Discuss internal controls to improve data quality and reduce follow-up questions from clients and Revenue Jersey
  • Explain the process by which Revenue Jersey undertakes CRS/FATCA compliance reviews
  • Set out some common themes seen in institutions which implement CRS/FATCA most effectively

For more information, please contact Niamh Moylan at n.moylan2@gov.je

RJ Virtual Training Session June 2021 

RJ Virtual Training Session Q&A June 2021

JERSEY COMSURE SERVICES